Three Springs Ministries Inc

Analysis

Three Springs Ministries Inc is a registered charity in United States, based in Morris, PA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Three Springs Ministries Inc reported income of $2.1m and spending of $1.4m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.1m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Three Springs Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Celebrating Grace Inc ($2.1m), Global Student Initiatives ($2.1m) and The Center Consulting Group ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $597k. At year end it held assets of $4.9m against liabilities of $55k, net assets of $4.8m. It reported 29 employees.